Anglo-Norwegian Trading Ltd
|
For the year ended 30 June 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02705183
Anglo-Norwegian Trading Ltd
For the year ended 30 June 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Anglo-Norwegian Trading Ltd
Chartered Accountants' Report
For the year ended 30 June 2015
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Anglo
-
Norwegian Trading Ltd for the year ended
30
June
2015
which comprise the Profit and Loss
|
Account
,
the Balance Sheet and the related notes from the company
'
s accounting records and from information
|
and explanations you have given us
.
|
As a practising firm of the Institute of Chartered Accountants in England and Wales
(
ICAEW
)
,
we are subject to its
|
ethical and other professional requirements which are detailed at icaew
.
com
/
membershandbook
.
|
This report is made solely to the Board of Directors of Anglo
-
Norwegian Trading Ltd
,
as a body
,
in accordance with
|
the terms of our engagement letter dated
24
October
2011
.
Our work has been undertaken solely to prepare for
|
your approval the accounts of Anglo
-
Norwegian Trading Ltd and state those matters that we have agreed to state to
|
the Board of Directors of Anglo
-
Norwegian Trading Ltd
,
as a body
,
in this report in accordance with AAF
2
/
10
as
|
detailed at icaew
.
com
/
compilation
.
To the fullest extent permitted by law
,
we do not accept or assume responsibility
|
to anyone other than Anglo
-
Norwegian Trading Ltd and its Board of Directors as a body for our work or for this
|
report
.
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It is your duty to ensure that Anglo
-
Norwegian Trading Ltd has kept adequate accounting records to prepare
|
statutory accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of
|
Anglo
-
Norwegian Trading Ltd
.
You consider that Anglo
-
Norwegian Trading Ltd is exempt from the statutory audit
|
requirement for the year
.
|
We have not been instructed to carry out an audit or a review of the accounts of Anglo
-
Norwegian Trading Ltd
.
For
|
this reason
,
we have not verified the accuracy or completeness of the accounting records or information and
|
explanations you have given to us and we do not
,
therefore
,
express any opinion on the statutory accounts
.
|
S F Brocklehurst & Co
Forest Lodge
Forest Road
Pyrford
Surrey
GU22 8NA
11 August 2015
1 of 4
Abbreviated Balance Sheet
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Anglo-Norwegian Trading Ltd
2015
2014
2
205
361
44,204
44,204
3
44,409
44,565
350
350
21,499
65,006
72,247
64,381
137,603
86,230
Creditors
:
amounts falling due within one year
|
(24,676)
(35,470)
61,554
102,133
Net current assets
Total assets less current liabilities
|
146,542
106,119
146,542
Net assets
106,119
2
4
2
146,540
106,117
146,542
106,119
Shareholders funds
For the year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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Date approved by the board: 11 August 2015
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Signed on behalf of the board of directors
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2 of 4
Notes to the Abbreviated Financial Statements
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Anglo-Norwegian Trading Ltd
For the year ended 30 June 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
The company operates a defined contribution pension scheme for the benefit of its directors
/
and employees
.
|
Contributions payable are charged to the profit and loss account in the period in which they are payable
.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Fixtures and Office Equipment
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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3 of 4
Notes to the Abbreviated Financial Statements
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Anglo-Norwegian Trading Ltd
For the year ended 30 June 2015
13,595
292
13,887
13,234
448
Charge for year
13,682
205
361
3
Fixed asset investments
|
44,204
44,204
44,204
44,204
The market value at 2015 was £50,500 ( 2014 - £44,963).
Allotted called up and fully paid
|
2015
2014
2
Ordinary shares of £
1
.
00
each
|
2
2
2
2
4 of 4